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<ul><li>Reliance Jio launched the <keyword id="9020759" type="UNKNOWN" weightage="20" keywordseo="jiopos-lite">JioPOS Lite</keyword> app that allows users to become Jio partners and recharge other numbers.</li><li>Jio is providing a 4.16% commission when a user adds money to the app.</li><li>Jio does not require any document or verification to register on the app.</li></ul>While there are several apps that allow users to recharge online, a majority of Indians still depend on <a href="https://www.businessinsider.in/business/telecom/news/mobile-recharges-are-the-latest-victim-of-the-lockdown-down-by-35-percent/articleshow/75007747.cms">offline recharges</a>. As India is under a nationwide lockdown and these recharge shops are closed, Jio has come up with a new app to allow Jio users to easily become a <keyword id="9031109" type="UNKNOWN" weightage="20" keywordseo="jio-partner">Jio partner</keyword> and recharge other numbers. Reliance Jio is providing a commission of 4.16% on all recharges to Jio partners for recharging other numbers. This means that you will be able to earn ₹4.16 for every ₹100 worth of recharge. The money is added when you load money into the app. How to use <keyword id="9031110" type="UNKNOWN" weightage="20" keywordseo="JioPOS">JioPOS</keyword> Lite app to earn money To begin using the JioPOS Lite app, all you need is an Android smartphone and a Jio number. The app is currently not available for iOS devices. <div type="image" title="JioPOS Lite 1" msid="75066772" hostid="261"></div> <ul><li>First, download the <a href="https://play.google.com/store/apps/details?id=com.jio.poslite">JioPOS Lite</a> app on your Android smartphone.</li><li>Now, open the app and click on ‘Allow All’ to grant the app permission to your contacts, location and files.</li><li>Now, click on ‘Sign up’.</li><li>Enter your email and Jio mobile number.</li><li>Now, click on ‘Generate OTP.</li><li>Now, enter that OTP that you have received and click on ‘Validate OTP’.</li></ul> <div type="image" title="JioPOS Lite 2" msid="75066795" hostid="261"></div> <ul><li>Select your location and click on ‘Done’.</li><li>Again, click on ‘Done’.</li><li>Now, start the sign in process and enter your number.</li></ul><ul><li>Enter a 4-digit mPIN of your choice.</li><li>Confirm the mPIN.</li><li>Click on ‘Setup’.</li></ul> <div type="image" title="JioPOS Lite 3" msid="75066804" hostid="261"></div> <ul><li>You can now view all the details such as your earnings, passbook, load money to your account and more.</li><li>‘Load Money’ allows you to load any amount to your account.</li><li>It shows the amount you will receive after including the 4.16% commission.</li><li>‘Passbook’ shows the transaction from the last 20 days.</li></ul>See also: <a href="https://www.businessinsider.in/business/telecom/news/mobile-recharges-are-the-latest-victim-of-the-lockdown-down-by-35-percent/articleshow/75007747.cms">Mobile recharges are the latest victim of the lockdown, down by 35%</a> <a href="https://www.businessinsider.in/business/telecom/news/here-is-a-list-of-bank-atms-that-allow-you-to-recharge-your-jio-airtel-and-vodafone-numbers/articleshow/75006459.cms">Here is a list of bank ATMs that allow you to recharge your Jio, Airtel, and Vodafone numbers</a> <a href="https://www.businessinsider.in/india/news/indian-government-launches-aarogya-setu-ivrs-helpline-to-assist-users-without-smartphones/articleshow/75062572.cms">Indian government launches Aarogya Setu IVRS helpline to assist users without smartphones</a>

How to earn money from Reliance Jio's new app JioPOS Lite

New Delhi, Dec 16 () Mukesh Ambani's Reliance Industries on Monday said it will divest Jio's telecom tower assets to Canada's Brookfield Infrastructure Partners LP for Rs 25,215 crore.
 RIL said its unit, Reliance Industrial Investments and Holdings Ltd (RIIHL) has inked binding agreements with Brookfield Infrastructure Partners LP and its partners for the tower business deal.
 Brookfield will buyout 100 per cent equity of the operating tower company.
 RIIHL "has entered into binding agreements with Brookfield Infrastructure Partners LP, and its institutional partners, for an investment of Rs 25,215 crore in the units to be issued by the Tower Infrastructure Trust," the company said in a statement.
 Under the deal, RIIHL, the sponsor of Tower Infrastructure Trust, would issue units in the trust to Brookfield affiliate BIF IV Jarvis India and some co-investors.
 After the deal is closed, the Canadian alternative assets manager, Brookfield and its partners would become sponsors of the trust, holding 100 per cent of India's largest telecom tower company with 130,000 towers through Tower Infrastructure Trust, while the RIL subsidiary would become a co-sponsor, but will hold no units.
 This is the single largest foreign investment in an Indian infrastructure vehicle.
 Proceeds from the investment by Brookfield and long-term loans will be used to repay existing financial liabilities of Reliance Jio Infratel Pvt Ltd (RJIPL), including loans extended by RIL. It owns Rs 12,000 crore to RIL.
 "At the closing of the transaction, the Trust will own 100 per cent of the issued and paid-up equity share capital of Reliance Jio lnfratel Pvt Ltd," the statement said.
 RJIPL has a current portfolio of around 130,000 communication towers that forms the infrastructure backbone of Reliance Jio Infocomm Ltd's (Jio) telecommunication network and has plans to expand this to 175,000 towers.
 Jio is an anchor tenant of the tower portfolio under a 30-year Master Services Agreement.
 "We are pleased to enter into this long and strategic relationship with Brookfield, which is one of the largest and most respected managers of infrastructure assets globally.
 "We are confident of Brookfield's abilities to manage this large portfolio of high-quality infrastructure assets and further enhancing value creation opportunities. This transaction demonstrates the belief of global investors in the potential of India's digital opportunity", said Mukesh D Ambani, Chairman and Managing Director of RIL.
 Closing of the transaction is subject to certain regulatory approvals, which are expected shortly, the statement said. ANZ DRR

Reliance to divest Jio's tower assets to Brookfield for Rs 25,215 cr

New Delhi, May 8 () US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani's digital unit, Jio Platforms, for Rs 11,367 crore, the company announced on Friday. "This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement. Vista's investment will translate into a 2.32 per cent equity stake on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. Facebook had bought 9.99 per cent stake in Jio Platforms - the firm that houses India's youngest but biggest telecom firm, for Rs 43,574 crore. That deal was followed by Silver Lake - the world's largest tech investor - buying 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. "Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks," the statement said. Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation tech company that brings together Jio's leading digital apps, digital ecosystems and high speed connectivity platform under one umbrella. Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms. Vista is a leading global investment firm focused on empowering enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. It has more than USD 57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world. Currently, Vista portfolio companies have a significant presence in India with over 13,000 employees. "I am delighted to welcome Vista, one of the world's marquee tech investors globally as a valued partner. Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians," RIL Chairman and Managing Director Mukesh Ambani said. Ambani further said "we are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio." ANZ DRRDRR

Vista Equity Partners picks 2.32 pc stake in Jio Platforms for Rs 11,367 cr

<ul><li><keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for ₹5,683.50 crore.</li><li>This takes Jio’s total fundraise to ₹97,885.65 crore.</li><li>The <keyword id="9361390" type="UNKNOWN" weightage="20" keywordseo="aida-deal">AIDA deal</keyword> comes within days of Mubadala Investment Co investing ₹9,093.60 crore in Jio and Silver Lake picking up additional stake for ₹4,546.80 crore.</li></ul>Reliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for ₹5,683.50 crore, taking the cumulative fund raising to ₹97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate. "This investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. ADIA's investment will translate into a 1.16 per cent equity stake in Jio Platforms on a fully diluted basis," the company said in a statement. With this investment, Jio Platforms has raised ₹97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks. The AIDA deal comes within days of Abu Dhabi sovereign wealth fund Mubadala Investment Co picking up 1.85 per cent in Jio Platforms for ₹9,093.60 crore on June 5. On that day, private equity fund Silver Lake invested another ₹4,546.80 crore for additional 0.93 per cent stake in Jio Platforms. With these investment, Reliance has sold all of the targeted 21 per cent equity in Jio Platforms ahead of a potential IPO. Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company. <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword> Infocomm Ltd, with 388 million mobile subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms. The deals follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore. On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore. This was followed by US private equity giant KKR buying 2.32 per cent for Rs 11,367 crore. On June 5, Silver Lake made an additional investment to take its stake to 2.08 per cent. Established in 1976, ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. It manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories. <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, Chairman and Managing Director of Reliance Industries, said, "I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities. This investment is a strong endorsement of our strategy and India's potential". The transaction is subject to regulatory and other customary approvals. "Jio Platforms is at the forefront of India's digital revolution, poised to benefit from major socio-economic developments and the transformative effects of technology on the way people live and work. "The rapid growth of the business, which has established itself as a market leader in just four years, has been built on a strong track record of strategic execution. Our investment in Jio is a further demonstration of ADIA's ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners," Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said. Morgan Stanley acted as financial advisor to Reliance Industries and AZB &amp; Partners, and Davis Polk &amp; Wardwell acted as legal counsel. Ambani, 63, chairman and managing director of Reliance, had in August last year set a target of March 2021, to make his conglomerate net debt-free. But thanks to the Facebook deal, a Rs 53,125 crore rights issue, private equity investments, and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December. At the end of March quarter, Reliance had an outstanding debt of Rs 3,36,294 crore and cash in hand of Rs 1,75,259 crore. After adjusting cash, the net debt came to Rs 1,61,035 crore. Of the outstanding debt, Rs 2,62,000 crore is on Reliance books and Rs 23,000 crore is with Jio. ANZ BAL BAL

Reliance raises ₹5,683 crore from AIDA - 8th deal for Jio Platforms in less than seven weeks

(Eds: Adding details) New Delhi, Jun 5 () Reliance Industries on Friday announced the sale of 1.85 per cent stake in its digital unit to Abu Dhabi-based sovereign investor Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt. "Mubadala Investment Company (Mubadala), will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement. With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks. Facebook picked up 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore. On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore. This was followed by US private equity giant KKR buying 2.32 per cent for Rs 11,367 crore. Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company. Reliance Jio Infocomm Ltd, with 388 million mobile subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said Mubadala is one of the most astute and transformational global growth investors. "Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala's work in diversifying and globally connecting the UAE's knowledge-based economy. We look forward to benefitting from Mubadala's experience and insights from supporting growth journeys across the world," he said. Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company, said: "We are committed to investing in, and actively working with, high growth companies which are pioneering technologies to address critical challenges and unlock new opportunities." "We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India's digital growth journey. With Jio's network of investors and partners, we believe that the platform company will further the development of the digital economy." To further its commitment to innovation and technology, Mubadala established its Ventures arm in 2017 to partner early with visionary founders and support innovative businesses. Mubadala's Ventures business currently manages several venture funds in the US, Europe and Middle East. At present, Mubadala's portfolio spans advanced manufacturing, semiconductors, metals &amp; mining, pharmaceutical and medical technology, renewable energy and utilities, and the management of diverse financial holdings. The transaction is subject to regulatory and other customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB &amp; Partners, and Davis Polk &amp; Wardwell acted as legal counsel. Ambani, 63, chairman and managing director of Reliance, had in August last year set a target of March 2021, to make his conglomerate net debt-free. But thanks to the Facebook deal, a Rs 53,125 crore rights issue, private equity investments, and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December. At the end of March quarter, Reliance had an outstanding debt of Rs 3,36,294 crore and cash in hand of Rs 1,75,259 crore. After adjusting cash, the net debt came to Rs 1,61,035 crore. Of the outstanding debt, Rs 2,62,000 crore is on Reliance books and Rs 23,000 crore is with Jio. PRS ANZ DRR DRR

Reliance strikes 6th deal, sells 1.85 pc in Jio Platforms for Rs 9,093.60 cr to Abu Dhabi's Mubadala

Manchester <keyword id="18448" type="General" weightage="80" keywordseo="city" source="Orion">City</keyword> has announced a new regional partnership with <keyword id="2003276" type="General" weightage="100" keywordseo="jio" source="Orion">Jio</keyword> Platforms Limited ("Jio"), that will see India's leading digital services brand become the Club's Official Mobile Communications Network Partner in India. The partnership was enabled and supported by <keyword id="10660050" type="General" weightage="50" keywordseo="rise-worldwide" source="Orion">RISE Worldwide</keyword>, a <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> initiative, India's largest sports and entertainment company. Through this partnership, Man City and Jio will collaborate on a variety of engaging experiences that fans will be able to access through Jio's digital ecosystem comprising JioTV, <keyword id="3390853" type="General" weightage="50" keywordseo="myjio" source="Orion">MyJio</keyword>, Jio STB, JioEngage and other applications and platforms, in addition to exclusive giveaways and in-market activities. As part of the new agreement, Man City's OTT platform CITY+ will be integrated into the JioTV platform providing fans in India further access to exclusive club content including match highlights, live Manchester City Women's team and Elite Development Squad fixtures, matchday content and City Studios documentaries. JioTV, a unique proposition from Jio's digital ecosystem, is India's leading digital video platform, giving users access to over 900 channels in 16 languages across 12 genres, making it the second biggest OTT platform globally with over 350 million downloads. In addition to the Jio brand featuring across the club's in-stadia and digital assets, as part of the new deal Jio's associate brands, RISE and Viacom18 will also leverage several partnership rights across their football and sports offerings. Akash Ambani, Chairman of Reliance Jio Infocomm Limited (a wholly-owned subsidiary of Jio Platforms Limited), said: "We are excited to announce Jio's exclusive partnership with Manchester City in India through which we will present City fans with experiences through a multitude of digitally powered immersive initiatives. We believe both brands share similar values of bringing transformational impact to their communities and through this partnership, we endeavour to bring the best of football to the sports communities and Man City fans in India." Ferran Soriano, Chief Executive Officer, of City Football Group, said: "We're pleased to welcome Jio as an Official Partner of Manchester City today. The Club has a passionate and growing fanbase in India and we are continually exploring new ways to provide greater fan experiences for our followers in the region and around the globe, particularly within the digital and technology space. We look forward to working with Jio as we develop these opportunities throughout the partnership." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/japanese-startups-look-overseas-as-domestic-market-shrinks/articleshow/96756948.cms">Japanese startups look overseas as domestic market shrinks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/microsoft-join-hands-with-isro-to-empower-spacetech-startups-in-india/articleshow/96758712.cms">Microsoft join hands with ISRO to empower spacetech startups in India</a>

Jio Platforms partners with football club Manchester City

New Delhi, May 4 () Following footsteps of Facebook, Silver Lake Partners - the world's largest tech investor - on Monday agreed to invest Rs 5,655.75 crore to buy a 1.15 per cent stake in billionaire Mukesh Ambani's digital unit that houses India's youngest but biggest telecom firm. The investment in Jio Platforms is at a 12.5 per cent premium to the Facebook's USD 5.7 billion (Rs 43,574 crore) investment for a 9.99 per cent stake in the firm. The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at its oil-to-telecom conglomerate, Reliance Industries Ltd (RIL). "Silver Lake will invest Rs 5,655.75 crore into Jio Platforms," Reliance said in a statement. "This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020." Jio Platforms is a subsidiary of RIL. Facebook had bought a 9.99 per cent stake in Jio Platforms for USD 5.7 billion (Rs 43,574 crore) at an enterprise value of Rs 4.62 lakh crore. Strategic and financial investors are to form 20 per cent of Jio Platforms -- half of this has already been picked by Facebook. Silver Lake is one of the investors for the remaining and more such investments are likely. Ambani, 63, chairman and managing director of RIL, had in August last year set a target of March 2021, to make his conglomerate net debt-free. But thanks to the Facebook deal, a Rs 53,125 crore rights issue, Silver Lake investment, and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December. "Jio Platforms, a wholly-owned subsidiary of RIL, is a next-generation technology company building a digital society for India by bringing together Jio's leading digital apps, digital ecosystems, and India's #1 high-speed connectivity platform under one umbrella," the statement said. "Reliance Jio Infocomm Ltd, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms," it added. With around USD 40 billion in combined assets under management and committed capital, Silver Lake is the global leader in large-scale technology investing. Its investments include Airbnb, Alibaba, Ant Financial, Alphabet's Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders. At the end of March quarter, Reliance had an outstanding debt of Rs 3,36,294 crore and cash in hand of Rs 1,75,259 crore. After adjusting cash, the net debt came to Rs 1,61,035 crore. Of the outstanding debt, Rs 2,62,000 crore is on RIL books and Rs 23,000 crore is with Jio. As part of debt reduction plans, the company expects to complete a capital raising programme totalling Rs 1.04 lakh crore by June. This includes the rights offering of one share for every 15 shares held at Rs 1,257, a 14 per cent discount to the closing price for April 30. Also included is the Rs 43,574 crore from the Facebook-Jio Platforms deal and Rs 7,000 crore from the sale of 49 per cent stake in fuel retailing venture to UK's BP plc. Commenting on the deal, Vikas Halan, Senior Vice President, Corporate Finance, Moody's Investors Service, said "Silver Lake's investment in Jio Platforms further illustrates RIL ability and willingness to monetize its digital services business and reinforces the company's commitment to achieve a zero net debt position by March 31, 2021." Investment by Silver Lake is priced at a premium to recently announced investment by Facebook Inc and establishes another pricing benchmark for Jio Platforms, he said adding the deal was credit positive as it enhances RIL's already strong financial flexibility. Including the recently announced rights issue and investments by Silver Lake and Facebook Inc, RIL has announced initiatives that could reduce net debt by about USD 13.6 billion from reported net debt of USD 21.4 billion as on March 31, 2020, he added. "In the wake of the severe economic disruptions caused by the COVID-19 pandemic, globally and especially within India, this partnership with one of the most renowned tech-investors globally, Silver Lake, has special significance," Reliance statement said. This is the first sizable investment by Silver Lake in India. Ambani said: "I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. "Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society's transformation." Commenting on the investment, Egon Durban, Silver Lake Co-CEO and Managing Partner, said, "Jio Platforms is one of the world's most remarkable companies, led by an incredibly strong and entrepreneurial management team who are driving and actualizing a courageous vision. "They have brought extraordinary engineering capabilities to bear on bringing the power of low-cost digital services to a mass consumer and small businesses population. The market potential they are addressing is enormous, and we are honoured and pleased to have been invited to partner with Mukesh Ambani and the team at Reliance and Jio to help further the Jio mission." The transaction is subject to regulatory and other customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB &amp; Partners and Davis Polk &amp; Wardwell acted as legal counsels. MBI ANZ DRR

Silver Lake follows Facebook, to invest Rs 5,656 cr in Ambani's Jio Platforms

(Eds: Updating) New Delhi, June 13 () Reliance Industries on Saturday said it has sold a further 1.32 per cent stake in its digital arm Jio Platforms for Rs 6441.3 crore to TPG and L Catterton. With this investment, Jio Platforms has now raised an overall Rs 1,04,326.9 crore from marquee global investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 22. Reliance Industries has sold a 0.93 per cent stake in Jio Platforms to global alternative asset firm TPG for Rs 4,546.80 crore, the company said in a statement on Saturday evening. In a separate statement soon after, the company said L Catterton, one of the world's largest consumer focused private equity firms, will invest Rs 1894.50 crore, translating into a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis. Founded in 1989, L Catterton is the investment partner for leading consumer-focused brands around the world. "This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the statement added. With these investments, Reliance has sold about 22.3 per cent equity in Jio Platforms, ahead of a potential IPO. The deal book was opened with Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore. On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore. This was followed by US private equity giant KKR buying 2.32 per cent for Rs 11,367 crore. Abu Dhabi soverign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. On that day, private equity fund Silver Lake invested another Rs 4,546.80 crore for additional 0.93 per cent stake in Jio Platforms. Also, Abu Dhabi Investment Authority (ADIA) has taken 1.16 per cent equity stake in Jio Platforms. MBI ANZ SNE

TPG, L Catterton pick up 1.32% stake in Jio Platforms for Rs 6441.3 crore

Following footsteps of Facebook, <keyword id="6375561" type="UNKNOWN" weightage="20" keywordseo="General-Atlantic">General Atlantic</keyword> has picked up 1.34 per cent stake in the digital unit of Reliance Industries for Rs 6,598.38 crore, the Mukesh Ambani firm said on Sunday.The investment in Jio Platforms will be GA's largest investment in Asia. Jio Platforms has raised Rs 67,194.75 crore from leading technology investors, including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, in less than four weeks. This investment continues to reaffirm Jio as a next generation software product and platform company, the company said in a statement.

General Atlantic pics 1.34 pc stake in Jio platforms for ₹6,598.38 crore

New Delhi, May 28 () Abu Dhabi-based sovereign investor Mubadala Investment Company is in discussions to invest in Reliance Industries' digital unit Jio Platforms, a source said. Last week, Reliance Industries had announced sale of a 2.32 per cent stake in its digital unit to the US-based private equity giant KKR for Rs 11,367 crore, the fifth marquee deal over the past few weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt. The source said talks are on with Mubadala Investment Company for a possible stake sale in Jio Platforms, but did not divulge details. An e-mail sent to Reliance Jio for comments, and a separate query to Mubadala Investment Company did not elicit response. Besides KKR, Jio Platforms has recently announced deals with leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic. MBI HRS

Mubadala Investment Company eyes stake in Jio Platforms: Source

New Delhi, Jun 3 () Facebook will acquire 9.9 per cent stake in Jio Platforms announced last month via a new entity -- Jaadhu Holdings LLC, as per regulatory documents. In April, Facebook had announced an investment of USD 5.7 billion (Rs 43,574 crore) in Jio Platforms. According to a submission made to the Competition Commission of India, Jaadhu Holdings, LLC is an indirect wholly owned subsidiary of Facebook, Inc. "Jaadhu is a newly incorporated company formed in March 2020 under the laws of the State of Delaware, US...Jaadhu is not engaged in any business in India or anywhere in the world," it said. The notification form is being filed in relation to Jaadhu's proposed acquisition of a minority, the non-controlling shareholding of approximately 9.99 per cent of the fully diluted equity share capital in Jio Platforms, it added. Simultaneously, Jio Platforms, WhatsApp Inc, and Reliance Retail Ltd (RRL) are proposing to enter into a separate commercial arrangement, it added. JioMart - a new RRL commerce marketplace which connects customers with Kirana stores and other small and microlocal Indian businesses - plans to integrate certain WhatsApp services with JioMart. The submission noted that the proposed transaction does not alter the competitive landscape in any potential market, and that Facebook and Jio Platforms will continue to operate independently. "The proposed transaction and the proposed commercial arrangement are pro-competitive, beneficial for consumers, Kirana stores and other small and micro local Indian businesses, and takes forward the vision of digital India," it added. Over the past few weeks, Reliance Industries' digital unit Jio Platforms has raised Rs 78,562 crore from marquee technology investors including Facebook, KKR, Silver Lake Partners, Vista Equity Partners and General Atlantic. It is also in talks with other potential investors for additional investments into Jio Platforms. SR SHW SHW

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